We have updated this resource to reflect the new legislation trackers published by PLC Tax on 18 January 2011.
For information about the passage of a particular Finance Bill through Parliament, see Practice note, Pre-Budget, Budget and Finance Bill (www.practicallaw.com/5-376-3630).
For details of proposed legislation relating to compliance, disputes and investigations, see Legislation tracker: compliance, disputes and investigations (www.practicallaw.com/6-503-0904).
For details of proposed legislation relating to corporate taxation, see Legislation tracker: corporate (www.practicallaw.com/2-503-0656).
For details of proposed legislation relating to employment taxation, see Legislation tracker: employment (www.practicallaw.com/7-503-0946).
For details of proposed legislation relating to finance taxation, see Legislation tracker: finance (www.practicallaw.com/1-503-0063).
For details of proposed legislation relating to intellectual property taxation, see Legislation tracker: intellectual property (www.practicallaw.com/4-503-0778).
For details of proposed legislation relating to the taxation of investment structures, see Legislation tracker: investment structures (www.practicallaw.com/5-504-1682).
For details of miscellaneous proposed legislation relating to tax, see Legislation tracker: miscellaneous (www.practicallaw.com/4-503-1056).
For details of proposed legislation relating to the taxation of owner-managed businesses, see Legislation tracker: owner-managed business (www.practicallaw.com/9-503-1068).
For details of proposed legislation relating to property, energy and environment taxation, see Legislation tracker: property, energy and environment (www.practicallaw.com/6-503-0975).
For details of proposed legislation relating to VAT, see Legislation tracker: VAT (www.practicallaw.com/1-503-1048).
For details of measures previously contained in the legislation trackers set out in Measures currently being legislated, see Legislation tracker: archive (www.practicallaw.com/1-503-3504).
In relation to measures relating to the reform of HMRC's powers, including those already enacted and having effect, see Practice note, Penalties, compliance and powers reforms: legislation tracker (www.practicallaw.com/7-385-1046). See also Legislation tracker: compliance, disputes and investigations (www.practicallaw.com/6-503-0904).
The Corporation Tax Act 2010 received Royal Assent on 3 March 2010. It rewrites a large amount of corporation tax legislation, including the rules relating to loss relief, group relief, distributions, transactions in securities, close companies and permanent establishments. It also rewrites a number of key tax definitions. It does not change the law, other than in a small number of minor ways.
It came into force on 1 April 2010:
For corporation tax purposes, it has effect for accounting periods ending on or after 1 April 2010.
For income tax and capital gains tax purposes, it has effect for the tax year 2010-11 and subsequent tax years.
For tables setting out the key rewritten provisions and definitions alongside the new statutory references, see Corporation Tax Act 2010: what does it do? (www.practicallaw.com/4-501-6980)
See also:
This section summarises the passage of the Corporation Tax Act 2010 through Parliament. For more information, see Parliament: Corporation Tax Bill 2009-10.
For earlier drafts of the Bill and related papers, see HMRC: Tax Law Rewrite.
The Taxation (International and Other Provisions) Act 2010 received Royal Assent on 18 March 2010. It rewrites a large amount of international tax legislation, including the rules relating to double tax relief, transfer pricing, advance pricing agreements, tax arbitrage, the worldwide debt cap and offshore funds. It does not change the law, other than in a small number of minor ways.
The Act came into force on 1 April 2010:
For corporation tax purposes, it has effect for accounting periods ending on or after 1 April 2010.
For income tax and capital gains tax purposes, it has effect for the tax year 2010-2011 and subsequent tax years.
For petroleum revenue tax purposes, it has effect for chargeable periods beginning on or after 1 July 2010.
For tables setting out the key rewritten provisions and alongside the new statutory references, see Taxation (International and Other Provisions) Act 2010: what does it do? (www.practicallaw.com/5-501-7984)
See also:
The progress of the Bill through Parliament is summarised in the table below. For more information, see Parliament: Taxation (International and Other Provisions) Bill 2009-10.
Date | Stage (see also Parliament: TIOPB 2009-10 - Bill stages) | Documents (see also Parliament: TIOPB 2009-10 - Bill documents) |
19 November 2009 | Introduction and first reading | Taxation (International and Other Provisions) Bill 2009-10 (as introduced) (html) Taxation (International and Other Provisions) Bill 2009-10 (as introduced) (pdf) |
5 January 2010 | Second reading | |
11 January 2010 | Joint Committee on Tax Law Rewrite Bills | Minor technical amendments to the Corporation Tax Bill and the Taxation (International and Other Provisions) Bill accepted (www.practicallaw.com/4-501-3509) (This includes a link to the revised version of the Bill) |
4 February 2010 | Third reading in House of Commons and First reading in House of Lords | Tax law rewrite Bills progress to House of Lords (www.practicallaw.com/6-501-4292) |
24 February 2010 | Second reading in House of Lords | |
10 March 2010 | Committee stage in House of Lords | |
17 March 2010 | Third reading in House of Lords | |
18 March 2010 | Royal Assent |
For earlier drafts of the Bill and related papers, see HMRC: Tax Law Rewrite.
The Corporation Tax Act 2009 received Royal Assent on 26 March 2009. It came into force on 1 April 2009 and applies to accounting periods ending on or after 1 April 2009 (corporation tax).
For a summary of the main areas of corporation tax which it has rewritten, see Legal update, Corporation Tax Act 2009 receives Royal Assent (www.practicallaw.com/4-384-8767). For details of all the legislation which it has rewritten, see Corporation Tax Act 2009: table of destinations (www.practicallaw.com/1-384-1786).
Parliament: Corporation Tax Bill. Links to the Corporation Tax Act 2009, various version of the Corporation Tax Bill 2008-09, Explanatory Notes, Hansard and parliamentary calendar.
Corporation Tax Act 2009: table of destinations (www.practicallaw.com/1-384-1786). PLC Tax has updated its maintained resources to refer to the Bill.
HMRC: Tax Law Rewrite. Links to background information on the Corporation Tax Bill, including comment and response papers.